AVY · 10-Q · 2026Q2 · Full report

Segment Profitability

Avery Dennison Corp · 2026-08-04 · Importance 54 · Surprise 40

Materials Group six-month adjusted operating income increased 13.8% to $538.2 million from $472.8 million, while second-quarter adjusted operating income rose 17.1% to $284.0 million. Materials profitability benefited from higher volume, pricing and raw-material benefits, material re-engineering, favorable currency, and restructuring-related productivity savings, partially offset by unfavorable mix and employee costs. Solutions Group second-quarter adjusted operating income increased 14.2% to $76.5 million from $67.0 million despite essentially flat reported sales. Solutions Group six-month adjusted operating income was $135.0 million, broadly unchanged from $135.2 million, as productivity, restructuring savings, and pricing benefits offset higher employee-related costs.

Key facts

• Net income increased from approximately $355 million in the first six months of 2025 to approximately $372 million in the first six months of 2026. source
• Income before taxes for the three months ended June 30, 2026: $282.7 million. source
• Income before taxes for the six months ended June 30, 2026: $523.1 million. source
• Net income for the three months ended June 30, 2026: $204.1 million. source
• Net income for the six months ended June 30, 2026: $372.2 million. source
• Materials Group segment adjusted operating income for the three months ended June 30, 2026: $284.0 million. source
• Materials Group segment adjusted operating income for the six months ended June 30, 2026: $538.2 million. source
• Solutions Group segment adjusted operating income for the six months ended June 30, 2026: $135.0 million (compared to $135.2 million in prior year). source